As reports say, Greg Woolley a private financier is leading a consortium of investors planning to approach Qantas Airways Ltd. (QAN. AU) and Australia's government with a plan to buy the struggling airline's jets. The deal could be worth more than 5 billion Australian dollars.
A newspaper reported that, in an 11-page proposal recently issued by Boeing reveals that it plans to spend as much as $10 billion on a factory for its new 777X jetliner. It desires to establish the plant close to a large airport with good rail and road access, according to a newspaper report
In a strong-willed defence of his management team's performance, Alan Joyce Qantas's Chief Executive said that they're doing a "great job in tough circumstances."
Auckland International Airport plans to give back $454 million to shareholders by way of a share cancellation, with 60 per cent of the payment to be considered as a taxable dividend.
In February, the company will ask for shareholder approval for a scheme of arrangement to cancel one in 10 shares at $3.43 each.
This morning, the pilot of a small plane was forced to make a hasty landing after colliding with a cow at a rural airstrip. The pilot has walked away completely unscathed, though the cow has been reported to have died.
There has been a drop in Air New Zealand's share price in the wake of the Government's 20 per cent sell-down as trading resumed today morning.
Since the Government insisted on a maximisation of kiwi ownership, which now stands at about 88% including the Crown's remaining 53% holding, overseas institutions were scaled the most.
Good News USA
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- Telstra launches its new ‘Every Day Connect Data Share Packages’
- Voyager signs “multimillion-dollar deal” with submarine cable group Hawaiki